Agenda of the EGM of PKN ORLEN on 31 January 2006

Regulatory announcement 78/2005 dated 28 December 2005

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN", “Company”), Central Europe's largest downstream oil company, hereby publishes the Agenda of the Extraordinary General Meeting (“Meeting”) of PKN ORLEN shareholders, to be held on 31 January 2006. The Meeting shall commence at 10.00 CET in Plock (Poland) at the following address:

Dom Technika
ul. Kazimierza Wielkiego 41

The Meeting is convened by the Management Board of PKN ORLEN S.A. inline with Article 398 in connection with Article 400 of the Code of Commercial Companies and inline with §7 item 4 of the Company’s Articles of Association

Agenda of the Extraordinary General Meeting of Shareholders:

1. Opening
2. Election of the Chairman of the Meeting
3. Affirmation of the legality of the Meeting and ability to pass resolutions
4. Approval of the Agenda
5. Election of the Vote Counting Commission
6. Voting on a resolution concerning changes to the composition of the Supervisory Board of PKN ORLEN
7. Information provided by the Management Board regarding the restructurisation processes that are being conducted (including the administration subsidiary establishment) and proceedings of the sale of the subsidiaries excluded from the PKN ORLEN structure.
8. Closure of the General Meeting of Shareholders

Participation in the Extraordinary General Meeting of Shareholders is permitted for those holding certificates. The certificates must be issued by a brokerage house or a bank managing a securities account, state the number of shares owned and confirm that the shares will have been deposited in the account by the end of the Meeting.

Participation in the Meeting is permitted on condition that the certificates mentioned above will be submitted by 23 January 2006 inclusive at the Legal Office - room 110, Company Headquarters in Plock, 7 Chemikow St., between 8.00 a.m. and 4.00 p.m.

An agenda including other issues to be discussed at the Meeting will be made available no earlier than a week before the Meeting in the Company’s Headquarters at the reception desk from 8 am till 3 pm.

The list of shareholders entitled to participate in the Meeting will be made available in the Company's Headquarters for three days before the Meeting.

Registration of shareholders and distribution of voting cards will begin at 9.00 a.m. at the front of the meeting hall.